Hanmi Financial Price Target Lowered by Piper Sandler

Analysts cite economic factors in reducing price target for regional bank stock

Apr. 2, 2026 at 1:44pm

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Piper Sandler, an investment research firm, has lowered its price target for shares of Hanmi Financial (NASDAQ:HAFC) from $34.00 to $32.00. The firm maintained an "overweight" rating on the regional bank's stock, citing economic factors that have impacted the company's outlook.

Why it matters

Hanmi Financial is a prominent regional bank serving the Korean-American community in California and other western U.S. markets. The lowered price target from a respected research firm signals potential challenges the bank may face in the current economic environment, which could impact its stock performance and ability to grow its business.

The details

In a research note, Piper Sandler analysts stated that they have reduced Hanmi Financial's price target from $34.00 to $32.00 per share, while maintaining an "overweight" rating on the stock. The analysts cited unspecified economic factors that have influenced their outlook for the bank's future performance.

  • Piper Sandler issued the updated price target and rating on Thursday, April 2, 2026.

The players

Piper Sandler

An investment research and banking firm that provides equity research, investment banking, and other financial services.

Hanmi Financial

A bank holding company based in California that operates Hanmi Bank, a community bank serving the Korean-American market and other customers in the western United States.

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The takeaway

The lowered price target for Hanmi Financial from Piper Sandler suggests the regional bank may face economic headwinds that could impact its stock performance and growth prospects in the near term. However, the firm's continued "overweight" rating indicates it still sees potential upside for the bank's shares.